The Philippine Stock Exchange index (PSEi) posted a modest gain amid thin trades due to selective bargain hunting in heavyweight stocks. The main index added 18.27 points or 0.30 percent to close at 6,183.62 although sectoral indices were evenly mixed with gains posted mostly by Banks. Volume...
Stock market to see some bargain-hunting By JAMES A. LOYOLA While stock analysts pointed out that the market is ripe for cherry-picking, investor sentiment continued to be weighed down by worries about rising inflation and interest rates. “The market has already declined for four consecutive...
Cherry-picking allowed the PSEi to end slightly higher on the first trading day of the second semester. The main index inched up 9.92 points or 0.16 percent to close at 6,165.35 as the Mining and Oil sector led the advance although the Industrial counter dropped. Volume fell to 508 million shares...
The Philippine Stock Exchange index (PSEi) plunged despite some end-of-semester window-dressing as investors worry over rising inflation and interest rates. The main index fell 147.76 points or 2.34 percent to close at 6,155.43 with the Services sector leading the decline although the Industrial...
The local stock market declined as cautious investors were quick to pocket small gains made in the past two days. The main index dropped 42.22 points or 0.67 percent to close at 6,303.19 with the Property counter leading the losses although indices were evenly mixed. Volume weakened to 532 million...
Local share prices rose with improving sentiment across global markets. The main index jumped 106.59 points or 1.71 percent to close at 6,345.41 as the Services sector led the advance with only Banks lagging behind. Volume improved to 847 million shares worth P7.46 billion as gainers beat losers...
The PSEi started the week higher in mixed trades as cautious investors picked up bargains. The main index rose 21.26 points or 0.34 percent to close at 6,238.82 although sectoral indices were evenly mixed. A total of 682.6 million shares worth P5.24 billion changed hands as gainers beat losers 98...
The closing bell rang for the last time at the Philippine Stock Exchange, marking the permanent closing of its trading floor last June 24. Trading participants (TP) that leased trading floor booths at the PSE Tower attended the event to witness the final day that trades were executed at the trading...
Despite headwinds buffeting the global economy, the local stock market is seen to benefit from some bargain-hunting as well as window-dressing by fund managers this week. “With already three straight weeks of decline, episodes of bargain hunting may be experienced in (this) week’s trading,”...
Bargain-hunting led the PSEi to end higher as the local bourse rang the bell for the last time in its trading floor. The main index jumped 152.33 points or 2.51 percent to close at 6,216.56 as the Property sector led the rebound although the Mining and Oil counter remained in the red. Volume...
Local share prices fell again as investors worry about a possible global economic recession as well as the weakness of the peso against the dollar. The PSEi dropped 102.77 points or 1.67 percent to close at 6,065.23 as Mining firms and Banks plunged. Volume remained thin at 1.08 billion shares...
The local stock market fell again as investors worry about the possibility of a new surge in Covid cases as higher interest rates due to rising inflation. The main index plunged 117.19 points or 1.87 percent to close at 6,168.00 with the Property sector suffering the biggest drop. Volume increased...
